An analysis by the New Jersey Business & Industry Association finds, in the event of economic downturn, New Jersey would have the second largest decline in state revenues of any state in the nation except Alaska, dropping tax collections by as much as $7.5 billion in a single year. NJBIA’s analysis of recent national reports on […]
On Sunday evening, lawmakers approved a series of tax increases, many of which will impact businesses, to fund the FY 2019 NJ budget ($37.4 billion) that was signed into law. Most notably, the budget deal comes with an increase in the corporate business tax, the inclusion of combined reporting and an increase in the income […]
Legislation allowing Jersey City to impose a 1 percent employer payroll tax would add yet another expense to businesses already facing a host of costly mandates in the highest taxed state in the nation, the New Jersey Business & Industry Association (NJBIA) said today. The Senate is scheduled today to vote on S-2581/A-4163, which would […]
New Jersey is entering a budget showdown for yet another year. And while the Legislature and Governor Murphy debate whether it will be a steep increase on the corporate business tax or a big hike on the income tax for millionaires that buoys the final FY2019 budget, we do know that New Jersey’s job creators […]
Sorry, this is member only content Please Login or Join NJBIA to Continue.